Sustainability Digital 2021 Live Stream

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Defining fiduciary duty

What constitutes fiduciary duty is an ongoing discussion in the pension sector. The UK Law Commission has weighed in on the debate with its own interpretation.     Pension funds mulling the definition and obligations of their fiduciary duty can now refer to a consultation paper from the Law Commission, Fiduciary Duties of Investment Intermediaries.

Investors call for conflict of interest code

As an outsourced provider, fund managers make a series of promises to investors. Anything that tempts the promise to be broken is a conflict of interest, according to chief executive of Carne Group, John Donohoe, whose organisation has conducted a survey of institutional investors’ attitudes to conflicts of interest. In a survey of global allocators

Stock exchanges ‘need nudge on sustainability disclosure’

 A study ranking the world’s stock exchanges against disclosure on sustainability themes ranks the BME Spanish Exchange at the top. But the study’s author managing director of CK Capital, Doug Morrow, says stock exchanges need a nudge by regulators to enforce tougher disclosure standards.   The world’s stock exchanges “need a bit of a nudge”

Dry up: how investors assess water risks

The world is running short of water, but what does that mean for investors? Asset owners in the Netherlands and Norway assess and manage the water-related risks in their portfolios, including the measurement of portfolio companies’ water dependence and water security. The drought hitting South Africa’s North West Province sounds another warning shot around the

Serving itself: why the financial services industry needs reform

What would the financial services industry look like if it was structured to service the non-financial services sector, rather than itself? Economist John Kay, author of the Kay Review into short termism in UK equity markets, aims to find out.   In an ideal world there would be one, maybe two, intermediaries between the saver

Lepelmeier: interest rates ruin German strategy

German institutional investors face an urgent need to reconsider their bond-heavy investment strategies, argues Dirk Lepelmeier, a former investment head at one of the country’s largest pension funds. Herr Prof Dr Dirk Lepelmeier, to use his appropriate German titles, would rather be addressed as Dirk. That might be of no surprise to many, but it

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